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Penumbra's 15-minute chart has exhibited a concerning trend, as the Relative Strength Index (RSI) has reached overbought levels and the KDJ (Stochastic Oscillator) has shown a death cross, occurring on January 21, 2023 at 2:45pm. This suggests that the stock price has experienced a rapid and unsustainable increase, surpassing fundamental support, and is now poised to experience a shift in momentum towards a downward trajectory, potentially resulting in further decreases in stock value.
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